US Jobs See Surprise Growth in June with Unemployment Down to 4.1%

ASX closes above 8600 for first time; CBA slips

Australian shares got a boost after a report showed the US job market looks stronger than Wall Street expected.

U.S. labor market surprises with 147,000 new jobs last month

New data shows the nation's overall job numbers were stronger than expected with 147,000 new jobs last month.

The US labor market continues to surprise and the unemployment rate, against the odds, is falling

U.S. hiring rose modestly from a revised 144,000 in May and beat economists expectations of fewer than 118,000 new jobs.

US stock market today: Wall street edge up & yields spike; S&P 500 hits fresh record after job data

US stocks edged higher, with the S&P 500 reaching a new high, as strong jobs data tempered expectations for a July rate cut by the Federal Reserve, causing Treasury yields to surge. The market rally followed a surprisingly robust US jobs report, leading investors to reassess the likelihood of an imminent rate cut.

Employers added 147,000 jobs in June as U.S. labor market continues to defy expectations

Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.

US jobs see surprise growth in June with unemployment down to 4.1%

Hiring in the US defied expectations with 147,000 jobs added in June, according to the latest figures.